Sovereign Wealth Funds

Jon Shields

Chapter 29 in The International Handbook of Public Financial Management, 2013, pp 619-637 from Palgrave Macmillan

Abstract: Abstract Good stewardship of the government’s wealth is a hallmark of effective public financial management. But prudent administration of the nation’s financial and physical assets has in the past received much less technical or political attention than the budget process itself or, for example, detailed public spending or debt issues. Furthermore, the implications for the economy of transactions in the government’s financial asset holdings are often neglected in public debate.

Keywords: Central Bank; Fiscal Policy; Financial Asset; Asset Management; Foreign Exchange Reserve (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-31530-4_30

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DOI: 10.1057/9781137315304_30

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